Woodline Partners LP Has $6.59 Million Stock Holdings in KKR & Co. Inc. $KKR

Key Points

• Woodline Partners LP increased its stake in KKR & Co. Inc. by 40.7% in the first quarter, holding a total of 57,032 shares valued at approximately $6.59 million.
• KKR recently reported quarterly earnings of $1.18 EPS, exceeding analysts' expectations of $1.14, with revenues of $1.86 billion.
• The company raised its quarterly dividend to $0.185 per share, marking an increase from the previous dividend of $0.18.

Woodline Partners LP increased its position in shares of KKR & Co. Inc. (NYSE:KKR - Free Report) by 40.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,032 shares of the asset manager's stock after acquiring an additional 16,492 shares during the quarter. Woodline Partners LP's holdings in KKR & Co. Inc. were worth $6,593,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. PFG Advisors lifted its stake in KKR & Co. Inc. by 4.5% in the first quarter. PFG Advisors now owns 2,071 shares of the asset manager's stock valued at $239,000 after buying an additional 90 shares during the period. First Bank & Trust lifted its stake in KKR & Co. Inc. by 1.3% in the first quarter. First Bank & Trust now owns 7,422 shares of the asset manager's stock valued at $858,000 after buying an additional 98 shares during the period. MGB Wealth Management LLC lifted its stake in KKR & Co. Inc. by 1.8% in the first quarter. MGB Wealth Management LLC now owns 5,812 shares of the asset manager's stock valued at $672,000 after buying an additional 100 shares during the period. Manchester Capital Management LLC lifted its stake in KKR & Co. Inc. by 2.3% in the first quarter. Manchester Capital Management LLC now owns 4,626 shares of the asset manager's stock valued at $535,000 after buying an additional 104 shares during the period. Finally, Kovack Advisors Inc. lifted its stake in KKR & Co. Inc. by 2.7% in the first quarter. Kovack Advisors Inc. now owns 4,246 shares of the asset manager's stock valued at $491,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Stock Down 1.1%

NYSE:KKR opened at $143.48 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $127.83 billion, a PE ratio of 66.74, a PEG ratio of 1.60 and a beta of 1.93. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40. The stock has a 50-day simple moving average of $142.43 and a 200 day simple moving average of $126.39.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.30% and a net margin of 12.95%.During the same period last year, the company earned $1.09 earnings per share. On average, sell-side analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, August 11th were issued a dividend of $0.185 per share. The ex-dividend date was Monday, August 11th. This is a boost from KKR & Co. Inc.'s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 0.5%. KKR & Co. Inc.'s dividend payout ratio is 34.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JMP Securities reissued a "market perform" rating and issued a $150.00 target price on shares of KKR & Co. Inc. in a research note on Monday, July 14th. Citizens Jmp lowered KKR & Co. Inc. from an "outperform" rating to a "market perform" rating in a research note on Monday, July 14th. Wall Street Zen upgraded KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Piper Sandler started coverage on KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. Finally, Keefe, Bruyette & Woods increased their price target on KKR & Co. Inc. from $155.00 to $162.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus target price of $158.07.

Insider Activity

In related news, Chairman George R. Roberts sold 809,906 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $144.25, for a total transaction of $116,828,940.50. Following the completion of the transaction, the chairman directly owned 81,361,978 shares in the company, valued at approximately $11,736,465,326.50. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm's business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.

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